Cryptocurrencies
Democratic Lawmaker Bought Crypto as Market Peak Turned to Selloff
- Gabbard is latest U.S. lawmaker to invest in virtual currency
- A digital coin sell-off shows little sign of abating
Rep. Tulsi Gabbard
Photographer: Win McNamee/Getty ImagesThis article is for subscribers only.
Democratic Representative Tulsi Gabbard invested in cryptocurrencies late last year, around the same time the virtual market soared to a record high and then plummeted into a downward spiral, the congresswoman’s financial disclosure form shows.
Gabbard of Hawaii bought between $1,001 and $15,000 of Ether and Litecoin in December 2017, according to the filing with the U.S. House of Representatives. The three-term lawmaker’s office didn’t immediately respond to a request for comment on precisely how much virtual currency was purchased, and when in December.